HDFC Bank Ltd on Wednesday reported a more than 30 percent jump in fiscal fourth-quarter net profit, aided by higher interest income and a drop in provisions.
Net profit for the January-March quarter rose to Rs 14.53 billion from Rs 11.15 billion a year earlier, the lender said in a filing with stock exchanges.
The bank’s interest income rose to Rs 73.88 billion from Rs 54.69 billion a year earlier, while its other income–from fees, commissions and foreign-exchange and treasury transactions–increased nearly 19 percent to Rs 14.92 billion.
The lender’s provisions against bad loans and other contingencies dropped to Rs 2.98 billion from Rs 4.31 billion a year earlier.